Hitchcock Printing & Distribution Services is implementing the technology to help reduce its energy costs.
NEW BRITAIN, Conn. — Hitchcock Printing & Distribution Services is implementing a solar photovoltaic system at its location on John Downey Drive in New Britain.
The state-of-the-art technology will absorb sunlight and convert it into direct current electricity, which will save the historic business around $1.2 million in energy costs over the next two decades.
The Connecticut Green Bank announced on Thursday the closing of Commercial Property Assessed Clean Energy financing, or C-PACE, for the technology to be installed at the 21,000-square-foot facility. Founded by Edwin Rogers Hitchcock in 1904, the company specializes in printing, creative design, finishing and mailing services.
“The addition of our solar system is a key to staying competitive now and in the future,” said Anthony Bracco, president of Hitchcock Printing. “State-of-the-art equipment and a highly trained youthful workforce accompanied with a plan to manage our energy costs will ensure that we have an edge in the years to come.”
The Connecticut Green Bank, a Hartford-based operation that accelerates the green economy by using limited public funds to attract private capital investment, reports that the solar photovoltaic system was developed and installed by Smart Roofs Solar Inc. in Monroe.
C-PACE financing has helped building owners complete more than 400 projects since 2013, leading to an estimated energy savings of close to $420 million. C-PACE financing also enables commercial property owners to install green energy upgrades and pay for them over time, covering up to all the costs at low-interest rates with terms up to 25 years.
Mackey Dykes, vice president of Financing Programs at the Connecticut Green Bank, said that interest is growing in C-PACE financing from energy-intensive businesses that are looking to lessen their energy costs, especially through the addition of solar.
“It’s exciting when companies with long histories in their community, like Hitchcock Printing, take advantage of green technologies to enhance their bottom line,” Dykes said.
More information about C-PACE can be found by clicking this link.
Dalton Zbierski is a digital content producer and writer at FOX61 News. He can be reached at dzbierski@FOX61.com.
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In an effort to reduce energy costs and increase sustainability, a printing company in New Britain has recently installed a solar photovoltaic system on their premises. The system is projected to save the company an estimated $1.2 million over the next 25 years.
By harnessing the power of the sun to generate electricity, the printing company is not only cutting their energy bills, but also reducing their carbon footprint. The solar panels will provide a reliable source of clean energy, allowing the company to operate more efficiently and responsibly.
This investment in solar technology showcases the company’s commitment to environmental stewardship and financial savings. With the projected cost savings of $1.2 million, the printing company is setting a positive example for other businesses in the area to follow suit and embrace renewable energy solutions.
Tags:
- Solar photovoltaic system
- New Britain printing company
- Cost savings
- Renewable energy
- Sustainability
- Energy efficiency
- Solar power
- Green technology
- Environmental impact
- Business savings
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